Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, (SFAESI Act)
S.13 : Enforcement of security interest – Protected tenant – Tenants covered by the Rent Control act cannot be dispossessed in an action initiated by the bank against the landlord under the SARFAESI Act. [S.14 , Maharashtra Rent Control Act 1999, S. 55(2) , Transfer of Property Act, 1882, S.106]
S. 13 : Enforcement of security interest – Protected tenant – Written Lease agreements – Tenants covered by the Rent Control act cannot be dispossessed in an action initiated by the bank against the landlord under the SARFAESI Act on the premise that no written lease agreement is on record. [S. 14, Maharashtra Rent Control Act 1999, S. 55(2), Transfer of Property Act, 1882, S. 106]